XJO & XLF Index Review

The XJO (ASX200) and the XLF (ASX top 50) continue to trend higher following the breakout which began in early December.  We’re now up around 5% from the December low and we’re up over 20% from the 2016 low formed in January.

The XJO is trading 17.5x forward earnings on a 4% yield. Our focus will soon shift towards the upcoming US earnings which begin later this week.

Chart – XFL (ASX top 50)
Chart – XJO (ASX top 200)
Table – US Earnings